AI development could worsen inequality and job losses, economist warns
UKPulse Local Desk
Nobel Prize-winning economist Daron Acemoglu warns that the current development and use of artificial intelligence, without public consensus, risks widening inequality and causing job displacement.
- Economist Daron Acemoglu suggests AI development without consensus could exacerbate inequality.
- Acemoglu warns that AI could lead to people being put out of work.
- He states that people in the UK, US, and globally have no say in how AI will shape society.
Nobel Prize-winning economist Daron Acemoglu has warned that the development and use of artificial intelligence (AI), currently proceeding without public consensus, could worsen societal issues by increasing inequality and leading to job losses.
Speaking on BBC Newsnight, Acemoglu stated that AI is set to "transform every aspect of our lives," yet people are not being consulted on its direction. He highlighted a lack of public input on how AI will shape society for individuals in the UK, the US, and the majority of the global population.
Why this matters: The warnings from a Nobel Prize-winning economist suggest potential significant economic and social challenges if AI development continues without broader public input.